Overview
Calling All Investors, Developers, & End-Users!!! 5 Unit 3, 600+ Sqft. Corner Mixed-Use Building On Linden Blvd. For Sale!!! The Property Features Excellent Signage, Great Exposure, R5B/R3X/C2-3 Zoning, High 10’ Ceilings, Basement, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamaica 1 Block From Merrick Blvd. & Minutes From The St. Albans LIRR Station!!! The Property Has 21’ Of Frontage On Linden Blvd. & 117’ Of Frontage On 172nd St.!!! Neighbors Include Chase Bank, Citizens Bank, The Home Depot, Stop & Shop, Crunch Fitness, AutoZone, Mobil, Conoco, McDonald’s, Domino’s Pizza, Papa John’s, IHOP, Liberty Tax, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Store (2, 400 Sqft.): $51, 600 Ann.; $1, 200 Ann. Inc.; Lease Exp.: 9/1/28.Apt. 1 (1 Br.): $22, 200 Ann.; Lease Exp.: 6/30/25. Been Here 4 Years So Far.Apt. 2 (3 Br.): $36, 000 Ann. (Delivered Vacant)Apt. 3 (1 Br.): $19, 800 Ann.; Lease Exp.: 6/30/25. Apt. 4 (1 Br.): $19, 200 Ann.; M-M. Tax Rebate (Paid By The Store): $5, 000 Ann.Water Rebate (Paid By The Store): $6, 000 Ann.Pro Forma Gross Income: $159, 800 Ann.Expenses: Gas: $2, 826 Ann. Electric: $560 Ann.Maintenance & Repairs: $250 Ann. Water & Sewer: $1, 800 AnnInsurance: $2, 823 Ann. Taxes: $18, 257.76 Ann. Total Expenses: $26, 516.76 Ann.Net Operating Income (NOI): $133, 283.24 Ann. (Pro Forma 8.33 Cap!!!)